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Ingo W. Bucher

Combining Fibonacci Retracements And The RSI by Ingo W. Bucher

ARTICLE SYNOPSIS ...Combining Fibonacci Retracements And The RSI by Ingo W. Bucher
Combining the two can help identify significant support and
resistance levels.
Many of you have used the relative strength
index (RSI) and Fibonacci retracement levels
independently, but have you ever considered
analyzing the behavior of Fibonacci
retracement levels on the RSI? It may seem
remote, but this technique could have some advantages over the commonly used 70?30 overboughtoversold
level of the RSI. In addition, there is a great deal of
information between the overbought and oversold levels that
could be exploited more ef...